Case Study: Forward Advances achieves instant verification of customers' business performance and faster lending decisions with Salt Edge

Forward Advances chooses Salt Edge to verify business performance of their customers instantly

Forward Advances, a UK revenue-based financing provider for eCommerce and SaaS businesses, needed a faster, more reliable way to verify applicants’ business performance as demand for digital funding surged during the pandemic. To address that challenge they partnered with Salt Edge, using Salt Edge’s open banking data aggregation, business transaction categorisation and data enrichment tools to access the bank data needed for underwriting.

Salt Edge delivered instant, aggregated bank data and business transaction insights via its Partner Program, allowing Forward Advances to verify applicants’ financial performance without holding an AISP licence. As a result, Forward Advances cut lending decision times from several days to just a few hours, improved customer experience and accelerated deployment of capital to growing businesses.

Forward Advances

Hasam Silva

Managing Director